ASC CMBS Classes Off Watchlist

Three classes of Asset Securitization Corp.'s commercial mortgage pass-through certificates, series 1997-D5, have been removed from Rating Watch Negative by Fitch Ratings.The affected classes were classes A-2, A-3, and A-4. In addition, the ratings on eight other classes of the same series were affirmed. Fitch attributed the removals from Rating Watch to increased credit enhancement to the classes as a result of paydowns and defeasances.

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